Dec 27, 2012 8:00pm PST
"wall street journal" editorial board. sesteven, let's start with you. great to hear harry reid on this. the last time i checked the do so called proposal that a he put forth in july didn't really receive any support and only dealt with tax increases. it wasn't a comprehensive deal and didn't involve real spending cuts it was just raise tax and it went no where. for him to blame republicans, come on. >> don't forget, it has been 13 hyundais since hair arery reid even passed a budget out of the united states senate. we don't even know what the united states senators stand for in terms of the budget debate. the same thing on taxes. the house actually passed a lot of people don't know that earlier this year the house passed a bill to extend all of the bush era tax cuts for another year until resolve the issue. the senate again didn't act on that. the grave yard of the items are the united states senate. the other thing interesting harry reid said the president has his door open to any negotiating in any kind of deal that the republicans may offer. they put revenues on the table which
Dec 26, 2012 8:00pm PST
bad candidates this time around the idea that the president and harry reid in the senate don't have enormous power to get a deal done or stay here. don't go away for the holidays. maybe go to camp david like push did only 8 times and actually get the job done for the american people it's convenient to say it's the tea party fault i am not here to scapegoat then. americans though we have three branches of government. nothing can get passed unless the senate and house both pass bills, right? a tea party is a part of the equation. they do not have the amount of influence that they had before. but they are certainly are necessary to come to some sort of deal here if we're going to get anything done before january 1. i think the bottom line is this: we do not have a short-term deficit crisis. i agree with katrina on that point. we have a revenue problem. and a growth problem. we have millions of americans out of work. that. >> laura: zerlina, you have to be better at math than that. >> i'm very good at math, actually. >> laura: 90% tax rate on the upper income level on the united states
Dec 29, 2012 1:00am PST
cliff and said he was modestly optimistic. >> we had a constructive meeting today. senators reid and mcconnell are discussing a potential agreement where we can get a bipartisan bill out of the senate over into the house and done in a timely fashion so that we met the december 31st deadline. given how things have been working in this town we have to actually wait and see until it actually happens. the one thing that the american people should not have to wait and see is some sort of action. so if we don't see an agreement between the two leaders in the senate, i expect a bill to go on the floor. and i have asked senator reid to do. this put a bill on the floor that makes sure that taxes on middle class families don't go up, that unemployment insurance is still available for 2 million people, and that lays the groundwork then for additional deficit reduction and economic growth steps that we can take in the new year. >> joining us now from capitol hill. south dakota republican senator john thune, a member of the budget committee. so, senator, what do you make of the president's plan?
Dec 31, 2012 5:00pm PST
harry reid stalled. >> discussions continued today on a plan to protect middle class families from tax increase tomorrow. there are a number of issues on which the two sides are still apart, negotiations are continuing as i speak. >> the agreement would set the threshold for extending the bush tax cuts at $400,000 for individuals and $450,000 for families. it would set the tax rate on upper income people at 39.6%. the rate under former president bill clinton. estates would be taxed at 40% above $5 million for individuals, and $10 million for a married couple. unemployment benefits would be extended a year as would the medicare doc fix it would permanently fix the alternative minimum tax. a big concern for republicans is there are no new spending cuts. >> history has a way of repeating itself. somehow washington never gets the message. here we are 30 years later on the brink of another crisis on new year's eve still addicted to spending money. >> last friday speaker boehner told his senate colleagues to see if they could find a by by bipartisan deal with time running out. house lawmaker